Union Cabinet sanctions the Payment of Bonus (Amendment) Bill, 2015

The Payment of Bonus (Amendment) Bill, 2015 (“Bill”) which seeks to amend the Payment of Bonus Act, 1965 (“Act”) was introduced in the Lok Sabha by the Minister of State for Labour and Employment on 7th December 2015 & was passed by Lok Sabha on 22nd December 2015 and subsequently by the Rajya Sabha. The Act provides for the annual payment of bonus to employees of certain establishments including factories and establishments employing 20 or more persons. The Bill once enacted shall: (more…)

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No more revenue stamps on PF claims of EPFO Subscribers

The Ministry of State for Labour & Employment (Independent Charge) has vide its press release dated 14th August 2015 declared that Employees’ Provident Fund Organization (“EPFO”) has done away with the mandatory requirement of affixing 1 rupee revenue stamp on Claim Forms of PF settlement, the same is being made through National Electronic Fund Transfer (“NEFT”). (more…)

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“Self-Certification Scheme” for Factories & Shops in Maharastra

In order to boost “Make in Maharashtra”, the State Government has on 23rd June 2015 proposed a draft scheme pertaining to self-certification of the factories, shops & establishment which seeks to abolish mandatory inspection under various labour laws, which is a major obstacle for the Industrial Development & also leads to corruption. (more…)

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Maharashtra Government allows shops to remain open all year round

In order to assist retailers to create a more conducive business environment in the State of Maharashtra the State Government has vide notification dated 17th March 2015 issued by Department of Industries, Energy & Labour of Maharashtra amended the Maharashtra Shops & Establishment Act, 1948 (‘the Act”) by inserting a new entry i.e. “686” to Schedule II of the Act which is aimed at easing doing business in Maharashtra. (more…)

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